MILAN (Reuters) – Investments into Italy’s data centres will double to 10 billion euros ($10.3 billion) in the 2025-2026 period compared with the previous two years as technology heavyweights roll out spending plans, a research hub of Milan Polytechnic University said on Thursday.
The country however has to tackle potential power grid bottlenecks and high energy costs to support investments in the country, the report said, adding that access to cheap power has emerged as increasingly attractive for large cloud developers.
WHY DOES IT MATTERS
Italy is looking to attract investments from heavyweight technology firms, which are keen to boost their cloud capacity to meet growing AI-driven demand.
CONTEXT
Last year Microsoft announced a plan to invest 4.3 billion euros in Italy to develop its cloud network there. Amazon Web Services (AWS) said it would invest 1.2 billion euro over five years.
KEY QUOTES
“The development of increasingly powerful infrastructures raises questions about their energy supply and the sustainability of the Italian electricity grid,” said Marina Natalucci, director of the data centre research hub.
($1 = 0.9718 euros)
(Reporting by Elvira Pollina; Editing by Keith Weir)
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
